The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024
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Change 1
9 Amendment to regulation 7 (framework notices)
In regulation 7— (a) in paragraph (1)— (i) for “framework notice” substitute “contract framework notice”; (ii) for “allocation framework” substitute “contract allocation framework”; (b) in the opening words of paragraph (2), for “framework notice” substitute “contract framework notice”; (c) in paragraph (2)(b), for “commencement date of the allocation round” substitute “application opening date”; (d) after paragraph (2) insert— (3) Where the Secretary of State applies a sustainable reward allocation framework to an allocation round, the Secretary of State must by notice (a “sustainable industry reward framework notice”) identify the sustainable industry reward allocation framework which applies to that allocation round. (4) A sustainable industry reward framework notice must— (a) be given to the delivery body and the CFD counterparty; (b) specify the date on which the sustainable industry reward allocation process will commence, which must not be earlier than three months after the date of the notice; and (c) must be given as soon as practicable after the date of the allocation round notice establishing the allocation round to which the sustainable industry reward framework notice applies. .
9 Amendment to regulation 7 (framework notices)
In regulation 7— (a) in paragraph (1)— (i) for “framework notice” substitute “contract framework notice”; (ii) for “allocation framework” substitute “contract allocation framework”; (b) in the opening words of paragraph (2), for “framework notice” substitute “contract framework notice”; (c) in paragraph (2)(b), for “commencement date of the allocation round” substitute “application opening date”; (d) after paragraph (2) insert— (3) Where the Secretary of State applies a sustainable reward allocation framework to an allocation round, the Secretary of State must by notice (a “sustainable industry reward framework notice”) identify the sustainable industry reward allocation framework which applies to that allocation round. (4) A sustainable industry reward framework notice must— (a) be given to the delivery body and the CFD counterparty; (b) specify the date on which the sustainable industry reward allocation process will commence, which must not be earlier than three months after the date of the notice; and (c) must be given as soon as practicable after the date of the allocation round notice establishing the allocation round to which the sustainable industry reward framework notice applies. .
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